General Mills and Micron Raised Their Dividends. Banks Will Soon, Too.

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Common Mills

and

Micron Technological innovation

declared dividend boosts this 7 days, and a variety of significant banking companies announced designs for their disbursements.

General Mills (ticker: GIS) explained it options to strengthen its quarterly dividend to 54 cents, up from 51 cents, for an boost of just about 6%.

The stock, which yields 2.9%, has returned about 13.6% this calendar year as a result of June 30, dividends included, as opposed with minus 20% for the

S&P 500
.

M

icron Engineering

(MU) declared a quarterly disbursement of 11.5 cents a share, an enhance of 15% from 10 cents. The semiconductor company’s inventory, which has returned around minus 40% this 12 months, yields .8%.

Elsewhere, some—but not all—of the most significant U.S. financial institutions have stated they intend to increase their dividends, nevertheless they did not formally declare raises. This adopted the past spherical of economic stress assessments administered by the Federal Reserve.

Wells Fargo

(WFC), for instance, mentioned it expects to increase its 3rd-quarter dividend to 30 cents a share from 25 cents.

Financial institution of The usa

(BAC) explained it ideas to boost its quarterly payout to 22 cents a share, up nearly 5% from 21 cents. And

Goldman Sachs

(GS) reported its capital program includes elevating the quarterly dividend to $2.50 a share from $2.

In distinction,

Citigroup

(C) said it ideas to manage its quarterly dividend at 51 cents a share for the third quarter.

JPMorgan Chase

(JPM) said it ideas to continue to keep its quarterly dividend at $1 a share for the third quarter “in light-weight of greater long term funds necessities.”

Compose to Lawrence C. Strauss at [email protected]